Number of UK startups launched in 2017 drops amid “muted” government support January 28, 2018 The number of startups launched in 2017 dropped more than 10 per cent to just over 589,000 last year, according to figures published today by the Centre for Entrepreneurs (CFE) think tank. Data from Companies House showed 589,008 new businesses set up shop in 2017, down from 657,790 the previous year. This marked the first [...]
Sexists in the City? Fewer than there were, but we can do better January 26, 2018 The Presidents Club will not be holding any more fundraising dinners, but the consequences of the last one will be felt for some time. The undercover expose by FT reporter Madison Marriage has been the talk of the Square Mile, with details emerging of women employed as “hostesses” at the event, only to be pressured [...]
The Night Tube is coming to the Circle, District, Hammersmith & City and Metropolitan Lines – but only after 2023 January 26, 2018 Transport for London (TfL) has confirmed plans to roll out Night Tube services to the Metropolitan, Circle, District and Hammersmith & City Lines once a major upgrade programme is complete in 2023. It also revealed it has spent over £2m in an effort to crack down on additional noise and disturbance from the Night Tube [...]
Theresa May clinging onto power as Tories liken party to Italian Job cliff edge scene January 25, 2018 Tory MPs have likened the party to the infamous cliff-edge scene at the end of The Italian Job, warning that if a leadership challenge is mounted against Theresa May it could leave the Conservatives in free-fall. Three former ministers spoken to by City A.M. said the Prime Minister would be able to keep clinging onto [...]
Atom bank founder Anthony Thomson steps down from chairman role January 25, 2018 The chairman of Atom bank, Anthony Thomson, late last night announced his resignation from the digital challenger. Thomson, who founded Atom, had been the chairman since the app-only bank was established in 2014. Since launching, it has taken over £1bn of deposits and lent more than £1bn to small businesses and homeowners. Singer Will.i.am is [...]
The warning lights for the next economic crisis are starting to flash January 25, 2018 The global economic zeitgeist has shifted. A decade on from the financial crisis, the world economy can at last see over the hill and make out the features of the “Promised Land” called normalisation. There is a palpable sense that the world economy has crossed three important lines. First, that it is finally achieving synchronised [...]
The £14.8bn Crossrail project faces “increasing cost and schedule pressures” ahead of planned Elizabeth Line launch January 24, 2018 London’s transport commissioner has said the £14.8bn Crossrail project is facing “increasing cost and schedule pressures” with deadlines looming for the new railway, which is planned to open in stages from December. Among board papers published today, a report from Transport for London's commissioner Mike Brown said: Overall the Crossrail project, which is now 90 [...]
Mapped: Here’s how the Elizabeth Line will open in stages as the Crossrail project wraps up January 24, 2018 In December, Transport for London (TfL) revealed its updated Tube map for the Elizabeth Line once the Crossrail project wraps up. But with phasing of the project occurring until the full line is open, certain parts will be in operation at various times before the full railway is in action in December 2019. So, TfL [...]
Time In? Time Out’s plans for a London foodie market aren’t quite defeated yet January 24, 2018 Time Out toasted the success of its food market venture in Lisbon today, and said more openings were on the horizon including a possible site in London. The media and entertainment business is understood to be appealing the decision by Tower Hamlets council to block a market development in Shoreditch. This could put a London [...]
City of London steps up Brexit diplomacy as financial services white paper is shelved January 23, 2018 The City is seeking to take control of its post-Brexit future by ramping up engagement with EU member states, as it emerges that ministers have shelved plans for a financial services white paper. Meetings have been taking place with weekly envoys from the City of London Corporation and TheCityUK meeting ministers from across the continent. [...]